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Hinduja Group
Hinduja Group flagship Ashok Leyland has unveiled a next-generation series of compact engines at EXCON 2025, offering higher performance and enhanced efficiency, a top official said on Tuesday. The new engine rangeP15 (49 and 55 HP) and H4 Unipack (55 and 74 HP)is manufactured at the company's facilities and aligned with global quality standards. Fully compliant with the latest CEV (Construction Equipment Vehicle) Stage V emission norms, the engines are designed for high performance, improved fuel efficiency and long-term reliability across off-highway and industrial applications, the Chennai-headquartered company said in a statement. Ashok Leyland President for Light Commercial Vehicles, International Operations, Defence and Power Solutions, Amandeep Singh, said, "Our customers need solutions that keep their operations running smoothly and cost-effectively." "The new P15 and H4 Unipack engines deliver higher power, better fuel efficiency and proven reliability. This launch ...
Hinduja group flagship Ashok Leyland is gearing up to expand its diesel truck range as it remains optimistic for industry growth in the rest of the fiscal, according to company's MD and CEO Shenu Agarwal. He noted that the commercial vehicle major is working on improving its R&D resources to help it reduce the time to market and respond quickly to the changing market and regulatory requirements. Within the diesel range, we are preparing to soon launch a completely new range of heavy-duty trucks with power ratings of 320 and 360 horsepower. These new trucks are built with next-level of heavy-duty aggregates, delivering unmatched reliability, Agarwal said in an analyst call. These products would be fitted with six-cylinder engines, delivering highest peak torque in the respective segments, enabling customers best-in-class turnaround time and therefore more earnings per month, he added. Agarwal stated that the company's non-diesel portfolio is continuously expanding, with two models .
Diversified conglomerate Hinduja Group has agreed to invest Rs 20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said on Monday. Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to discuss investment opportunities in the energy and transport sectors. "An agreement of Rs 20,000 crore investment in phases was signed between the Andhra Pradesh government and the Hinduja Group to expand its investments in the state in a phased manner," said a government release. As part of the pact, the Hinduja Group will enhance the capacity of the Visakhapatnam power plant by 1,600 MW and set up solar and wind energy projects in the Rayalaseema region. The group will also establish an electric bus and light commercial vehicle manufacturing plant at Mallavalli in Krishna district to boost the state's EV ecosyste
Insolvency appellate tribunal NCLAT has asked Hinduja group firm IndusInd International Holdings Ltd (IIHL) to submit a timeframe by which it will discontinue using Reliance trademark for the financial service firm Reliance Capital. The counsel appearing for IIHL submitted before NCLAT that the process of name change after the acquisition of Reliance Capital has already started, and is likely to be completed in eight weeks. The National Company Law Appellate Tribunal (NCLAT) was hearing an appeal filed by Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVL), which has sought a stay over the use of the trademark Reliance after the takeover of Reliance Capital, through the insolvency resolution process. Noting IIHL's submission, a two-member National Company Law Appellate Tribunal (NCLAT) bench recorded in its order, "It is emphasised by Sr Counsel for the Respondent (IIHL) that the process of changing the brand name of the appellant with a new brand name, which is intended to be acquired b
The IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank in India and the recently acquired IIHL Bank & Trust, Bahamas, in its recently concluded board meeting announced the induction of Kamal Vachani to its Board of Directors. IIHL is the Mauritius-based platform, conceived and promoted by the Hinduja Family along with several hundred super high net worth individuals of the Indian diaspora. Kamal Vachani is the partner of the Dubai-based Al Maya Group with business interests across the retail sector. Speaking on his induction to the board, Ashok P Hinduja, Chairman, IIHL, stated, With his rich experience in UAE and GCC (Gulf Cooperation Council) and a significant number of our shareholders there, they would be well represented by Kamal, as IIHL seeks to build and consolidate its footprint across several financial services and para banking sectors like insurance, asset management, securities, private wealth, etc to be a global financial powerhouse. In line
IndusInd International Holdings Ltd (IIHL), Mauritius, has completed the full acquisition of Bahamas-based Sterling Bank by acquiring the remaining 49 per cent equity, a statement said on Monday. With the acquisition, Sterling Bank has become a wholly-owned entity of Hinduja Group firm IIHL Mauritius, which is also the promoter of IndusInd Bank. IIHL Mauritius had acquired a controlling 51 per cent stake in Sterling Bank in September 2022. The acquisition was made through IIHL's wholly owned subsidiary, IIHL (Capital), Mauritius, the company said in a statement. IIHL, a Mauritius-based entity with a net worth of USD 1.26 billion as of August 31, 2025, has a diversified investment portfolio across the Banking, Financial Services, Securities, and Insurance (BFSI) sectors. It is also the promoter of IndusInd Bank, India's fifth-largest private sector bank, serving over 42 million customers through a nationwide network of over 6,100 touchpoints, with a business size exceeding USD 86 ..